Category: crypto

Canary’s HBR ETF received $989K in inflows on July 2, its largest single-day inflow since May 15. Despite weak price action, Hedera remains visible in institutional flow data. HBAR is trading near $0.075 with a market cap above $3.29b. ETF demand remains small, but steady appearances suggest institutional interest.

Binance saw a significant increase in outflows, with $1.23 billion leaving the exchange in one week, up 207% from the previous week. The spike in withdrawals was linked to accumulation, MiCA uncertainty, and short-term positioning around Ethereum’s rebound. Other exchanges also saw outflows, indicating a split market trend.

Michael Saylor believes Bitcoin’s next phase will involve less change at the protocol level and more focus on its role in finance. He argues that Bitcoin should function as a monetary network rather than a software platform. Saylor emphasizes the importance of ETFs, treasury, and credit flows over traditional miner supply shocks.

U.S. spot Bitcoin ETFs experienced $527 million in net outflows over four trading days, marking the eighth consecutive negative week since the launch of the funds. Despite a rebound on July 2, the overall weekly trend for ETFs remained negative, with BlackRock’s IBIT leading the outflows. Ether ETFs also saw outflows, while smaller funds attracted…

Ledger co-founder Eric Larchevêque warned that a future where Bitcoin reaches $1 million or $10 million may not be healthy, signaling stress in the global money system. He emphasized Bitcoin’s importance when trust in traditional financial institutions weakens, suggesting that high prices may reflect fear rather than demand.

Nigel Farage is being investigated by UK Parliament for allegedly lobbying the Bank of England on cryptocurrency policy to benefit a major backer. Labour MPs questioned his meeting with the Bank and donations from the backer. Farage reportedly influenced the Bank’s decision on stablecoins. The case also raises concerns about promoting policies that benefit donors.…

Revolut will remove Tether’s USDT from eligible European accounts due to new EU regulations. Users can buy USDT until July 6 and sell or withdraw holdings until Aug. 31. Tether also froze 131 TRON wallets following U.S. sanctions. The decision is linked to MiCA requirements, reshaping stablecoin access in Europe.

CryptoQuant reported that Bitcoin’s realized profit and loss ratio has dropped to a 43-month low of -0.35, historically signaling market bottoms. U.S. spot Bitcoin ETFs saw $221.7 million in inflows after a 10-day outflow streak. Reduced leverage may indicate the final stage of Bitcoin’s correction before a potential fall rally.

Germany’s cooperative banking network, through DZ Bank, has started offering cryptocurrency trading to retail customers. DekaBank plans to launch crypto trading for savings banks later this year. The move aims to attract younger customers and compete with traditional financial services. However, critics warn of the risks associated with digital assets. Germany is also considering new…

India is investigating reports of Indian nationals being trafficked into Myanmar and forced to carry out cryptocurrency fraud operations in cyber scam compounds. Victims were lured by fake overseas job offers and then taken to these compounds where they were forced to work long hours in fraudulent activities. International efforts are being made to disrupt…